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Aerospace Avionics Market Share

Report ID: GMI2372
Published Date: Sep 2023
Report Format: PDF

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Aerospace Avionics Market Share

The aerospace avionics market is highly competitive owing to the presence of key players such as

Airbus
BAE Systems
Boeing
Cobham Plc.
Elbit Systems Ltd.
General Dynamics Corporation
General Electric
Honeywell
L3 Harris Corporation
Leonardo S.P.A.
Northrop
Grumman
Raytheon Airbus S.A.S.
Saab AB
Safran S.A

Thales Group. Industry participants are estimated to increase their foothold in the commercial industry with acquisitions and growing investments in facility centers. The significant investments in R&D to gain technological competitiveness as well as aggressive business strategies including technological launches, collaborations, and long-term agreements with clients to capture market shares are positively impacting market share.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Aerospace avionics industry was worth USD 78.2 billion in 2022 and is estimated to expand at over 4% CAGR from 2023 to 2032 driven by the rising demand for air travel.

The commercial aviation segment is set to expand at more than 3% CAGR during 2023-2032 attributed to the rising demand for air travel and the rapid expansion of commercial airline fleets.

North America held more than 30% of the aerospace avionics market in 2022 and is likely to expand at robust growth rate through 2032 owing to the presence of major aerospace manufacturers, such as Boeing and Lockheed Martin.

Some of the top firms in the global aerospace avionics industry are Airbus, BAE Systems, Boeing, Cobham Plc., Elbit Systems Ltd., General Dynamics Corporation, General Electric, Honeywell, L3 Harris Corporation, Leonardo S.P.A., Northrop, Grumman, Raytheon Airbus S.A.S., and Saab AB